Serial Sovereign Defaults and Debt Restructurings /

Emerging countries that have defaulted on their debt repayment obligations in the past are more likely to default again in the future than are non-defaulters even with the same external debt-to-GDP ratio. These countries actually have repeated defaults or restructurings in short periods. This paper...

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Detalles Bibliográficos
Autor Principal: Asonuma, Tamon
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 2016.
Series:IMF Working Papers; Working Paper ; No. 2016/066
Acceso en liña:Full text available on IMF